Reference no: EM132812535
Problem 1: Pancer Inc. manufactures steel. What will be the net cash flow from operating activities based on the following information? (include negative sign if outflow)
Issue of shares 500,000
Repayment of debentures 300,000
Sale of goods on credit 1,200,000
Sale of goods on cash 300,000
Cash purchases 800,000
Additional term loan 200,000
Purchase of additional plant 600,000
Bad debts written off 20,000
Receivable - January 1 500,000
Receivables - December 31 600,000